Investment Grade Bonds
Fixed income instruments with Investment Grade credit rating can include Treasuries, Agencies, Municipals, Corporates, Floaters, Convertibles and Perpetual bonds.
Foreign currency denominated BondsBonds issued either inside or outside the United States by domestic or foreign entities in a currency other than US dollars
Emerging Market BondsSovereign bonds and fixed income securities, denominated in local or foreign currencies, issued by private and public companies in emerging market nations. Yields and risk are generally higher than comparable securities in developed nations.
High Yield BondsSecurities rated below Baa by Moody’s or BBB by S&P that are considered speculative. High yield bonds, also known as junk bonds, do not qualify as investment grade due to their higher probability of default.